Global Blood
Processing Devices and Consumables Market, by Product Type (Devices (
Plasma Freezers, Blood Bank Refrigerators, Lab Refrigerators, Lab freezers,
Ultra-low Temperatures, Shock Freezers, Grouping Analyzers, Warmers, Hematocrit
Centrifuges, and Cell Processors ), and Consumables (Blood Administration Sets,
Blood Bags, Blood Collection Needles, Blood Collection Tubes, Blood Filters,
Blood Lancets, Blood Grouping Reagents, Blood Coagulation Reagents, Hematology
Reagents, Slides, Sedimentation Tubes, Slide Stainer, Test Tube Racks and
Vials)), by End User (Hospitals & Clinics, Blood Banks Diagnostic
Laboratories, and Others), and by Region (North America, Latin America, Europe,
Asia Pacific, Middle East, and Africa) was valued at US$ 33,213.9 Mn in 2018,
and is projected to exhibit a CAGR of 7.1% during the forecast period
(2020–2027). Factors such as increasing geriatric population and rising
emphasis of leading companies on long-term partnerships with end users is
expected to boost demand for blood processing devices and consumables and drive
the global blood processing devices and consumables market growth over the
forecast period. Global blood processing devices and consumables market size is
expected to grow significantly over the forecast period. Much of its growth was
attributed to government initiatives in setting up of blood screening center,
especially in emerging economies. The trend is especially prevalent in China,
India, and Russia, with significant increase in number of blood centers in
these countries in the recent past. As a result of this, lucrative growth
opportunities have emerged for market players to expand their business reach
across emerging economies and enhance their market share over the forecast
period.
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Browse 25 Market Data Tables and
28 Figures spread through 150 Pages and in-depth TOC on Global Blood Processing
Devices and Consumables Market by Product Type (Devices ( Plasma Freezers,
Blood Bank Refrigerators, Lab Refrigerators, Lab freezers, Ultra-low Temperatures,
Shock Freezers, Grouping Analyzers, Warmers, Hematocrit Centrifuges, and Cell
Processors ), and Consumables (Blood Administration Sets, Blood Bags, Blood
Collection Needles, Blood Collection Tubes, Blood Filters, Blood Lancets, Blood
Grouping Reagents, Blood Coagulation Reagents, Hematology Reagents, Slides,
Sedimentation Tubes, Slide Stainer, Test Tube Racks and Vials)), by End User
(Hospitals & Clinics, Blood Banks Diagnostic Laboratories, and Others), and
Region (North America, Latin America, Europe, Asia Pacific, the Middle East,
and Africa) - Global Forecast to 2027
There has been an increase in
incidence rate of infectious diseases and chronic disorders such as cancer,
especially among the geriatric population. According to the World Health
Organization (WHO), in 2015, globally over 150 million people suffered from
chronic hepatitis C virus, of which 700,000 die each year, owing to lack of
suitable healthcare infrastructure and diagnosis centers. Technological
advancements in the healthcare industry is expected to bridge the gap between
patient’s expectation and healthcare delivery system. While the blood
processing devices and consumables market is highly saturated in developed
regions, emerging regions, especially Asia Pacific is largely untapped and
offers lucrative growth opportunities for market players.
Key Takeaways of the Global Blood
Processing Devices and Consumables Market:
The global blood processing
devices and consumables market is expected to exhibit a CAGR of 7.1% during the
forecast period (2020–2027), owing to frequent product launches and approvals,
and robust pipeline of novel blood processing devices and consumables
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Government has a critical role in
creating national platforms for blood screening and blood bank centers.
Increasing geriatric population along with rise in incidence rate of
blood-related disorders is expected to drive the global blood processing
devices and consumables market growth.
North America and Europe are
highly matured blood processing devices and consumables market. Leading players
such as Abbott Laboratories, Roche Holdings AG, and Terumo Corporation are
emphasizing on establishing a direct distribution channel to retain their
dominance in these regional markets. Setting up of cord blood bank center in
these region is expected to create substantial market opportunity for industry
players. Over 23 million blood components are transfused each year in North
America.
There are over 13 thousand blood
bank centers worldwide. The number is especially high in low to middle income
countries, particularly India, Indonesia and Vietnam. Establishment of blood
bank centers is expected to boost overall demand for blood bank refrigerators
worldwide. The global blood bank market is highly consolidated, with leading
players accounting for around 80% of the global market. New entrants are
expected to provide bank refrigerators during the forecast period.
While the overall blood
processing device segment is consolidated, it is highly fragmented in
consumables segment with large presence of regional players, especially in
China and India.
Major players operating in the
global blood processing devices and consumables market include Abbott
Laboratories, Becton, Dickinson and Company, Roche Holding AG, Bio-Rad
Laboratories, Biomerieux SA, Immucor, Inc., Danaher Corporation, Terumo
Corporation, Macopharma SA, Grifols International, Haemonetics Corporation, and
Thermogenesis Corporation
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